Auto industry firms raise $155 billion to weather virus pandemic
Automotive industry borrowers have raised $155 billion amid the coronavirus outbreak as the pandemic shutters showrooms and factories. Companies worldwide...
Americans again file by the millions for unemployment benefits
Millions more Americans applied for unemployment benefits last week, indicating major job losses are continuing two months after the coronavirus...
Fiat in talks over $6.8 billion Italian state-backed loan
Fiat Chrysler Automobiles NV and Italy’s Intesa Sanpaolo SpA are negotiating a state-backed credit line of as much as 6.3...
Cruise laying off almost 8% of staff in setback for self-driving firm
Cruise, the self-driving car unit majority owned by General Motors Co., is laying off almost 8% of full-time employees to...
VW, Ford forge ahead with technology sharing to save costs
Volkswagen AG and Ford Motor Co. are pushing ahead with plans to team up on electric and self-driving vehicles even...
US jobless claims in millions again, higher than expected
The number of Americans seeking unemployment benefits remained in the millions for an eighth straight week as the economy continued...
Nissan said to plan $2.8B in cost cuts, book charges
Nissan Motor Co. is planning to cut about 300 billion yen ($2.8 billion) in annual fixed costs and book restructuring...
Harley makes acting CEO permanent after well-received debut
Harley-Davidson Inc.’s acting chief executive officer will take over the job permanently after winning over investors and analysts with a...
